Prime Redevelopment Opportunity in Sweetwater’s University City District. This +/- 55,000 sq. ft. lot is perfectly positioned minutes from Florida International University (FIU)—one of the largest universities in the country. With high-density zoning, this site offers the potential for a 15-/+ story development with 200-/+ residential units & mixed-use possibilities. Its unbeatable location ensures a steady demand for housing, making it ideal for student housing, workforce housing, or a mixed-use retail and residential project. Buyers are advised to conduct their due diligence to verify zoning, development potential & property details. This is an excellent opportunity for investors & developers to capitalize on the area’s rapid growth. The units are owned fee-simple. Sold as an assemblage
10904 SW 2nd, Sweetwater, FL, 33174
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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